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Karl-Heinz Kipp
Karl-Heinz Kipp (born 1924) is the German billionaire founder of the Massa chain of German department stores and, having since sold the business whilst keeping the property, has a large property portfolio.〔 In 2015 ''Forbes'' estimated his net wealth at $5.1 billion.〔
==Career==
He began his career in 1948 selling clothes and opened his first Massa department store in 1965.〔The Massa stores were introduced on the German stock market in 1986. In 1987 Kipp sold his remaining shares but he kept the real estate of the stores, which he rents to retailer Metro AG.〔
Kipp owns real estate in the US, notably several high-end properties in Manhattan including 950 Third Avenue.〔 In addition, he has five Swiss hotels and resorts in his "Tschuggen Hotel Group", including the Hotel Eden Roc in Ascona, the Carlton Hotel 〔(Karl Heinz Kipp in the shaken History of the Hotel Carlton )〕 in St Moritz and the Tschuggen Grand Hotel in Arosa.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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